Cuyahoga County Awarded Nationally Recognized Investment Policy Certificate of Excellence

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Contacts:
Jeane’ Holley: (216)698-2544 or jholley@cuyahogacounty.us


Cleveland, OH – The Cuyahoga County Treasury Department’s Investment and Cash Management Team received the Investment Policy Certificate of Excellence Award presented by the Association of Public Treasurers of the United States & Canada (APTUSC). The APTUSC’s Investment Policy Certification Committee awarded Cuyahoga County for its success in developing a comprehensive written investment policy.

“I would like to congratulate our Investment and Cash Management Team on being recognized on a national level for their hard work and dedication in revising our investment policy,” said County Executive Armond Budish. “Receiving this award is a demonstration of this administrations dedication towards fiscal responsibility and sustainability, positioning Cuyahoga for long-term growth.”

Investment policies may receive certification from the Investment Policy Certification Committee if all 18 areas of the APTUSC model policy are addressed: Policy, Scope, Prudence, Objective, Delegation of Authority, Ethics and Conflicts of Interest, Authorized Financial Dealers and Institutions, Authorized and Suitable Investments, Investment Pools/Mutual Funds, Collateralization, Safekeeping and Custody, Diversification, Maximum Maturities, Internal Control, Performance Standards, Reporting, Investment Policy Adoption, and Glossary.

“The Investment Policy Certificate Award of Excellence Award is a concrete illustration of the dedication and professionalism exhibited by the County Executive, the investment advisory council, and our investment team,” said Chris Murray, Cuyahoga County Treasurer.  “This acknowledgement provides assurance to county taxpayers that protection of public funds are of the upmost importance to this administration.”

Cuyahoga County’s investment policy is reviewed every three months by the Investment Advisory Committee (IAC), which is comprised of the County Treasurer, County Executive, and a member of County Council.

To review Cuyahoga County’s Statement of Investment Policy CLICK HERE.